Danantara on Why Freeport Divests 12 Percent Stake for Free

KN. Sovereign wealth fund Danantara CEO Rosan Roeslani revealed why U.S. miner Freeport-McMoran is willing to divest 12 percent of its stake in its local arm at no cost. It was simply thanks to the Indonesian side’s negotiation skills, he said. A day earlier, Rosan announced that Freeport-McMoran was willing to let go of 12 percent of its shares, thereby granting Indonesia a bigger control of one of the world’s biggest copper and gold mines. Rosan claimed that Freeport-McMoran did not ask for something in return.